Friday, October 19, 2007

House price crash the least of our worries?

FTSE100 has risen by 584% since October 19th 1987 - 'Black Monday'

19th October 2007 marks the 20th anniversary of 'Black Monday', the day world stockmarkets crashed. In a single day, the FTSE 100 share Index plummeted by 11%, wiping billions of pounds from the London stockmarket. Halifax Financial Services examines how the stockmarkets around the world have performed since Black Monday. New research from Halifax Financial Services shows that UK stock prices are, on average, currently more than three times (223%) higher than on Black Monday (19th October 1987). On Black Monday the FTSE Index fell from 2302 to 2052 - a fall of 11%.

Posted by converted lurker @ 11:53 AM (574 views)
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